Banknifty Trade Setup for 08.06.22 with intraday levels
Gap down opening followed by a downtrend but recovery in the last 30 mins.
Expecting a trending day tomorrow in case of a break out or break down as there has been massive option writing in both call and put at 35000. People are playing short straddle at that strike price. There is a possibility
Trading Ideas
Long above 35150
Short below 34890
>>Option buying
Long Position: Buy 35300 CE
Short position: Sell 34900 PE
>>Option Selling
Sell 36000 CE and 34500 PE
Expecting a trending day tomorrow in case of a break out or break down as there has been massive option writing in both call and put at 35000. People are playing short straddle at that strike price. There is a possibility
Trading Ideas
Long above 35150
Short below 34890
>>Option buying
Long Position: Buy 35300 CE
Short position: Sell 34900 PE
>>Option Selling
Sell 36000 CE and 34500 PE
Komen:
Trade worked fine on long side
Short position: BUY 34900 PE
please ignore the SELL written under short position